From: dljm@imt.net
Sent: Saturday, November 09, 2002 4:19 PM
To: rule-comments@sec.gov
Subject: FILE NUMBER S7-36-02 and S7-38-02
Re: File Numbers S7-36-02 and S7-38-02
Mr. Jonathan G. Katz, Secretary
Securities and Exchange Commission
450 Fifth Street NW,
Washington, DC 20549-0609
Dear Secretary Katz:
I am writing to support the Securities and Exchange Commission's recently
proposed rules regarding proxy voting disclosure by mutual funds and investment
advisers, File Numbers S7-36-02 and S7-38-02. As a mutual fund investor, I'm
extremely supportive of any new laws and rules that will make the investment
industry more transparent and accountable. In general,at this time, I think
it is one of the most corrupt industries ever to do business in America, and
anything you can propose that will shine some light into the dark corners of
the industry will be beneficial for investors and for investor confidence. I
also applaud the Commission for requiring that funds and advisers disclose
their actual votes, in addition to their guidelines and procedures. Voting
records will help provide true accountability. Public disclosure of proxy-voting
policies and practices would pressure fund managers and advisers to refrain from
unilateral rubberstamping of management decisions, and would provide investors
additional tools to distinguish among funds in the market, including pointing
out those companies that emphasize good governance and social responsibility.
Thank you for this opportunity to comment on the proposed rules, and for taking
these important steps toward restoring investor confidence in the markets.
Sincerely, Dean Littlepage
Dean Littlepage